650 1st StHobokenNJ07030
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Hoboken at 650 1st St, Hoboken, NJ, 07030 generates $4,384/mo in rent and, after a $2,295/mo payment, leaves $769/mo in cash flow. Total monthly income is $4,384/mo, and annual cash flow is $9,228/yr on $155,407 invested. Return on cash invested sits at 25.85% in year one, and rental yield is 11.22% on a $468,800 entry. Equity gained on principal adds $3,025/yr, while 5% annual appreciation builds toward $129,521 over five years. Five-year ROI reaches 136.71% and total cumulative return in cash sums $212,452. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,384/mo property income rather than buyer’s personal income.
Condo
Built in 1901
1.30 Acres lot
$N/A/sqft
$273 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07030, Hoboken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,308 (100%) |
| Owner Occupied HU | 9,103 (30.0%) |
| Renter Occupied HU | 19,036 (62.8%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $909,971 |
| Average Home Value | $1,031,969 |
Housing Distribution
Address Breakdown
Residential
29,540
Single Family
2,996
Multi-Family
26,544
Businesses
2,139
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Listed by: Danielle Codey • Arcadia, Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954043
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